The New Lawyer Supplement
May 30, 2007
Question 1
I. Did Lois violate the "no-assignment" provision?
I. Did Lois violate the "no-assignment" provision?
A. Is the no-assignment clause valid?
When Owner and Lois entered into their written lease, Lois agreed not to assign the lease without Owner's consent. Such clauses restricting any transfer of the lease will be enforced, but they also will be construed narrowly. A clause restricting assignments will not be interpreted as preventing sublease...
A. Is the no-assignment clause valid?
When Owner and Lois entered into their written lease, Lois agreed not to assign the lease without Owner's consent. Such clauses restricting any transfer of the lease will be enforced, but they also will be construed narrowly. A clause restricting assignments will not be interpreted as preventing sublease...
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